South Africa's Ramaphosa pledges COVID-19 rescue package worth 10% of GDP
Share:
JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa announced a 500 billion rand ($26.3 billion) rescue package on Tuesday, equivalent to 10% of the GDP of Africa's most industrialised nation, to try to cushion the economic blow of the coronavirus pandemic."The pandemic requires an economic response that is equal to the scale of the disruption it is causing," he said in an address on national television, pledging to "address the extreme decline in supply and demand and to protect..